Common use of PRICE RANGE OF SHARES Clause in Contracts

PRICE RANGE OF SHARES. The Shares trade on The Nasdaq National Market under the symbol "XXXX." In June 1999, the stockholders of the Company approved the reclassification of each share of the Company's voting and nonvoting stock into one Share. The following table sets forth, for the quarters indicated, the high and low sales prices for the Company's Shares since June 1999, and for the periods prior to June 1999, the Company's former voting common stock. The Company did not pay cash dividends on any class of its common stock during the periods set forth below. HIGH LOW -------- -------- Fiscal 1999: First Quarter............................................. $19.00 $16.25 Second Quarter............................................ 17.31 10.50 Third Quarter............................................. 15.38 9.50 Fourth Quarter............................................ 15.50 12.00 Fiscal 2000: First Quarter............................................. $14.50 $12.00 Second Quarter............................................ 15.75 12.25 Third Quarter............................................. 13.25 9.75 Fourth Quarter............................................ 25.00 10.00 Fiscal 2001: First Quarter............................................. $26.00 $12.38 Second Quarter (through June 14, 2000).................... $26.00 $19.50 On April 20, 2000, the last full trading day prior to the announcement of Initial Proposal, the reported closing sales price of the Common Stock on The Nasdaq National Market was $13.00 per Share. On June 2, 2000, the last full trading day prior to the public announcement of the Offer, the reported closing sales price of the Common Stock on The Nasdaq National Market was $20.38 per Share. On June 14, 2000, the last trading day prior to the date of this Offer to Purchase, the reported closing sales price of the Common Stock on The Nasdaq National Market was $25.94 per share. Stockholders are urged to obtain current market quotations for the Common Stock.

Appears in 1 contract

Samples: Merger Agreement (Cherry Peter B & Cherry Family Group)

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PRICE RANGE OF SHARES. DIVIDENDS; OPEN-MARKET PURCHASES The Shares trade principally on The Nasdaq National Market under the symbol "XXXX." In June 1999, the stockholders of the Company approved the reclassification of each share of the Company's voting and nonvoting stock into one ShareNYSE. The following table sets forth, forth for the quarters indicated, periods indicated the high and low sales prices per Share on the NYSE Composite Tape for each of the quarters in the Company's Shares since June 1999fiscal year ended September 30, and for the periods prior to June 1999, the Company's former voting common stock. The Company did not pay cash dividends on any class of its common stock during the periods set forth below. as reported in published financial sources: HIGH LOW -------- -------- Fiscal 1999: First Quarter............................................. $19.00 $16.25 Second Quarter............................................ 17.31 10.50 Third Quarter............................................. 15.38 9.50 Fourth Quarter............................................ 15.50 12.00 Fiscal 2000: First Quarter............................................. $14.50 $12.00 Second Quarter............................................ 15.75 12.25 Third Quarter............................................. 13.25 9.75 Fourth Quarter............................................ 25.00 10.00 Fiscal 2001: First Quarter............................................. $26.00 $12.38 Second Quarter ended March 31, 1994........................................ 9 3/4 7 3/4 Quarter ended June 30, 1994......................................... 9 6 5/8 Quarter ended September 30, 1994.................................... 8 1/8 6 7/8 FISCAL 1995 Quarter ended December 31, 1994..................................... 8 5/8 7 3/8 Quarter ended March 31, 1995........................................ 9 1/2 8 1/8 Quarter ended June 30, 1995......................................... 8 3/4 7 5/8 Quarter ended FISCAL 1996 Quarter ended September 30, 1995.................................... December 31, 1995..................................... 8 9 7/8 1/2 7 8 1/2 Quarter ended March 31, 1996 (through June 14February 8, 20001996).................... $26.00 $19.50 On April 20........................................ 9 7/8 8 7/8 The closing per Share sales price as reported on the NYSE Composite Tape on February 5, 20001996, the last full trading day prior to before the announcement of Initial Proposal, the reported closing sales price of the Common Stock on The Nasdaq National Market was $13.00 per Share. On June 2, 2000, the last full trading day prior to the public announcement of the Offer, the reported was $8 7/8. The closing per Share sales price of as reported on the Common Stock NYSE Composite Tape on The Nasdaq National Market was $20.38 per Share. On June 14February 8, 20001996, the last trading day prior before the commencement of the Offer, was $9 5/8. THE COMPANY URGES STOCKHOLDERS TO OBTAIN CURRENT QUOTATIONS OF THE MARKET PRICE OF THE SHARES. The Company paid no dividends on the Shares during fiscal years 1994 and 1995. The Board of Directors of the Company previously has authorized the purchase by the Company of up to 7,000,000 Shares in one or more tender offers, open-market or privately negotiated transactions. In connection with the date of this Offer to PurchaseOffer, the reported closing sales Board of Directors increased the number of Shares under such authorization from 7,000,000 to 9,000,000. As of February 8, 1996, approximately 5,500,000 Shares have been purchased pursuant to such authorization (approximately 3,000,000 Shares acquired under a self-tender offer in December 1994 and the balance in open-market purchases) at a weighted average purchase price of $8.34 per Share, including 149,100 Shares purchased since December 13, 1995 at a weighted average purchase price of $9.16 per Share (in each case excluding commissions and expenses). Open-market purchases were on the Common Stock on NYSE. The Nasdaq National Market was $25.94 per shareCompany anticipates continuing its open-market purchase program after completion of the Offer. Stockholders are urged to obtain current market quotations for the Common StockSee Section 8.

Appears in 1 contract

Samples: Special Payment Instructions

PRICE RANGE OF SHARES. The Shares trade on The Nasdaq the National Market Association of Securities Dealers Automated Quotation System under the symbol "XXXXFLMK." In June 1999, the stockholders of the Company approved the reclassification of each share of the Company's voting and nonvoting stock into one Share. The following table sets tables set forth, for the calendar quarters indicatedshown, the high and low sales closing sale prices for the Company's Shares since June 1999on the National Association of Securities Dealers Automated Quotation System based on published financial sources. FOILMARK, and for the periods prior to June 1999, the Company's former voting common stockINC. The Company did not pay cash dividends on any class of its common stock during the periods set forth below. COMMON STOCK HIGH CLOSE LOW -------- -------- Fiscal 1999: CLOSE ---------- --------- Calendar 1999 First Quarter............................................. $19.00 $16.25 2.4375 1.375 Second Quarter............................................ 17.31 10.50 2.875 1.4375 Third Quarter............................................. 15.38 9.50 3.625 2.3125 Fourth Quarter............................................ 15.50 12.00 Fiscal 2000: 3.625 2.50 Calendar 2000 First Quarter............................................. $14.50 $12.00 4.4375 2.50 Second Quarter............................................ 15.75 12.25 4.0625 3.25 Third Quarter............................................. 13.25 9.75 5.6875 3.625 Fourth Quarter............................................ 25.00 10.00 Fiscal 2001: 5.375 3.4062 Calendar 2001 First Quarter............................................. $26.00 $12.38 5.1875 2.875 Second Quarter (through June 14April 19, 20002001).................... $26.00 $19.50 ................... 6.40 2.8125 In the Merger Agreement, the Company has represented to each of Parent and Sub that as of April 10, 2001, there were 8,092,572 Shares (excluding 39,200 Shares held in the Company's treasury). On April 2010, 20002001, the last full day of trading day prior to the announcement of Initial Proposal, the reported closing sales price of the Common Stock on The Nasdaq National Market was $13.00 per Share. On June 2, 2000, the last full trading day prior to before the public announcement of the Offerexecution of the Merger Agreement, the reported closing sales price of the Common Stock Shares on The Nasdaq the National Market Association of Securities Dealers Automated Quotation System was $20.38 3.50 per Share. On June 14April 19, 20002001, the last full day of trading day prior to before the date commencement of this Offer to Purchasethe Offer, the reported closing sales price of the Common Stock Shares on The Nasdaq the National Market Association of Securities Dealers Automated Quotation System was $25.94 6.27 per shareShare. Stockholders are urged to obtain a current market quotations quotation for the Common StockShares. The Company has never paid dividends on its capital stock, and the Merger Agreement prohibits the Company from declaring or paying any dividends, except for the payment of dividends or distributions by a wholly owned subsidiary of the Company to the Company, from the date of the Merger Agreement until the Effective Time.

Appears in 1 contract

Samples: Merger Agreement (Illinois Tool Works Inc)

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PRICE RANGE OF SHARES. DIVIDENDS The Shares trade on The Nasdaq National Market are traded under the symbol "XXXX.BBN" In June 1999primarily on the NYSE and to a lesser extent on the Boston, the stockholders of the Company approved the reclassification of each share of the Company's voting Cincinnati, Midwest, Pacific and nonvoting stock into one SharePhiladelphia exchanges. The following table sets forth, for the fiscal quarters indicated, the high and low sales prices for per Share on the Company's NYSE. HIGH LOW ------- -------- Fiscal Year Ended June 30, 1995: Quarter ended September 30, 1994....................... $18 3/4 $ 10 Quarter ended December 31, 1994........................ $20 7/8 $ 12 5/8 Quarter ended March 31, 1995........................... $22 1/4 $ 14 5/8 Quarter ended June 30, 1995............................ $30 $ 16 1/2 Fiscal Year Ended June 30, 1996: Quarter ended September 30, 1995....................... $39 3/8 $ 27 1/4 Quarter ended December 31, 1995........................ $48 3/4 $ 28 1/4 Quarter ended March 31, 1996........................... $40 7/8 $ 24 1/8 Quarter ended June 30, 1996............................ $29 5/8 $ 20 1/4 Fiscal Year Ended June 30, 1997: Quarter ended September 30, 1996....................... $22 1/4 $ 16 3/4 Quarter ended December 31, 1996........................ $24 3/8 $ 17 Quarter ended March 31, 1997........................... $27 1/2 $ 16 5/8 Quarter ended June 30, 1997 (through May 9, 1997)...... $28 7/8 $ 15 3/4 No cash dividends have been declared or paid on the Shares since June 199930, and for 1992. The Merger Agreement prohibits the periods Company from declaring or paying any dividends until the effectiveness of the Merger. On April 7, 1997, approximately one month prior to June 1999the public announcement of the execution of the Merger Agreement, the Company's former voting common stockclosing sale price on the NYSE was $17 5/8. The Company did not pay cash dividends on any class of its common stock during the periods set forth below. HIGH LOW -------- -------- Fiscal 1999: First Quarter............................................. $19.00 $16.25 Second Quarter............................................ 17.31 10.50 Third Quarter............................................. 15.38 9.50 Fourth Quarter............................................ 15.50 12.00 Fiscal 2000: First Quarter............................................. $14.50 $12.00 Second Quarter............................................ 15.75 12.25 Third Quarter............................................. 13.25 9.75 Fourth Quarter............................................ 25.00 10.00 Fiscal 2001: First Quarter............................................. $26.00 $12.38 Second Quarter (through June 14On May 5, 2000).................... $26.00 $19.50 On April 20, 20001997, the last full trading day prior to the announcement of Initial Proposalthe terms of the Merger Agreement, the last reported closing sales price of per Share on the Common Stock on The Nasdaq National Market NYSE was $13.00 per Share22 5/8. On June 2May 9, 20001997, the last full trading day prior to the public announcement commencement of the Offer, the last reported closing sales price of per Share on the Common Stock on The Nasdaq National Market NYSE was $20.38 per Share28 5/8. On June 14, 2000, the last trading day prior to the date of this Offer to Purchase, the reported closing sales price of the Common Stock on The Nasdaq National Market was $25.94 per shareSTOCKHOLDERS ARE URGED TO OBTAIN A CURRENT MARKET QUOTATION FOR THE SHARES. Stockholders are urged to obtain current market quotations for the Common Stock.11

Appears in 1 contract

Samples: Merger Agreement (Gte Corp)

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